Oracle (NYSE:ORCL) Stock Price Up 0.6%

Oracle Co. (NYSE:ORCL)’s stock price rose 0.6% on Tuesday . The company traded as high as $139.06 and last traded at $138.72. Approximately 580,726 shares changed hands during mid-day trading, a decline of 93% from the average daily volume of 8,212,241 shares. The stock had previously closed at $137.92.

Analyst Ratings Changes

ORCL has been the subject of a number of analyst reports. TD Cowen boosted their price target on Oracle from $145.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday, June 12th. Mizuho boosted their price target on Oracle from $160.00 to $170.00 and gave the company a “buy” rating in a research note on Monday, June 17th. Bank of America upped their price objective on Oracle from $144.00 to $155.00 and gave the company a “neutral” rating in a research note on Wednesday, June 12th. Deutsche Bank Aktiengesellschaft increased their price target on Oracle from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, June 17th. Finally, Citigroup decreased their price target on Oracle from $133.00 to $128.00 and set a “neutral” rating on the stock in a research report on Monday, June 10th. Fourteen research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $145.83.

Oracle Trading Up 0.9 %

The company has a debt-to-equity ratio of 8.25, a current ratio of 0.71 and a quick ratio of 0.72. The business’s 50-day moving average price is $138.66 and its two-hundred day moving average price is $126.05. The company has a market capitalization of $383.53 billion, a price-to-earnings ratio of 37.51, a P/E/G ratio of 2.45 and a beta of 1.02.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.02). Oracle had a net margin of 19.76% and a return on equity of 223.01%. The business had revenue of $14.29 billion during the quarter, compared to analyst estimates of $14.57 billion. During the same quarter in the previous year, the firm posted $1.35 earnings per share. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. Research analysts predict that Oracle Co. will post 5.02 earnings per share for the current year.

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 25th. Stockholders of record on Thursday, July 11th were given a $0.40 dividend. The ex-dividend date was Thursday, July 11th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.15%. Oracle’s payout ratio is 43.13%.

Insider Activity

In other Oracle news, Director Leon E. Panetta sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $137.89, for a total transaction of $2,068,350.00. Following the completion of the transaction, the director now directly owns 58,090 shares in the company, valued at $8,010,030.10. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Oracle news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the business’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $143.69, for a total transaction of $161,651,250.00. Following the sale, the chairman now owns 1,145,732,353 shares of the company’s stock, valued at $164,630,281,802.57. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Leon E. Panetta sold 15,000 shares of the business’s stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $137.89, for a total transaction of $2,068,350.00. Following the sale, the director now directly owns 58,090 shares in the company, valued at approximately $8,010,030.10. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,862,500 shares of company stock worth $266,776,624. Corporate insiders own 42.80% of the company’s stock.

Institutional Trading of Oracle

Several institutional investors have recently modified their holdings of the business. EP Wealth Advisors LLC grew its stake in shares of Oracle by 63.8% in the second quarter. EP Wealth Advisors LLC now owns 84,370 shares of the enterprise software provider’s stock worth $11,913,000 after purchasing an additional 32,877 shares during the last quarter. Saratoga Research & Investment Management boosted its position in Oracle by 6.0% during the second quarter. Saratoga Research & Investment Management now owns 842,086 shares of the enterprise software provider’s stock valued at $118,903,000 after acquiring an additional 47,673 shares during the last quarter. Regal Investment Advisors LLC boosted its position in Oracle by 6.1% during the second quarter. Regal Investment Advisors LLC now owns 13,123 shares of the enterprise software provider’s stock valued at $1,853,000 after acquiring an additional 756 shares during the last quarter. Invst LLC boosted its position in Oracle by 2.4% during the second quarter. Invst LLC now owns 3,372 shares of the enterprise software provider’s stock valued at $482,000 after acquiring an additional 79 shares during the last quarter. Finally, Second Line Capital LLC bought a new stake in Oracle during the second quarter valued at $531,000. Institutional investors own 42.44% of the company’s stock.

About Oracle

Oracle Corporation offers products and services that address enterprise information technology environments worldwide. Its Oracle cloud software as a service offering include various cloud software applications, including Oracle Fusion cloud enterprise resource planning (ERP), Oracle Fusion cloud enterprise performance management, Oracle Fusion cloud supply chain and manufacturing management, Oracle Fusion cloud human capital management, Oracle Cerner healthcare, Oracle Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.